Hong Kong Unemployment Rate 1981-2018 | Data | Chart | Calendar

The seasonally adjusted unemployment rate in Hong Kong was unchanged at 2.9 percent in the three months to March of 2018, the same as in each of the previous three periods. It remained the lowest rate since 1998. Total number of employed persons was about the same as in the three months to February, while underemployed fell by 1400 to 38900 persons. On the other hand, the number of unemployed increased by 5,200 to 112,100 in January - March 2018 and the labour force went up by around 5,100 to 3,979,300. Unemployment Rate in Hong Kong averaged 3.69 percent from 1981 until 2018, reaching an all time high of 8.50 percent in June of 2003 and a record low of 1 percent in July of 1989.

Hong Kong Unemployment Rate
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Hong Kong Jobless Rate Lowest Since 1998


The seasonally adjusted unemployment rate in Hong Kong was unchanged at 2.9 percent in the three months to March of 2018, the same as in each of the previous three periods. It remains the lowest rate since 1998.

On a non-seasonally adjusted basis, the number of unemployed persons increased by 5,200 to 112,100 in January - March 2018 and compared with the previous period, while the number of underemployed dropped by around 1,400 to 38,900. Although the variation in jobless rates diverges among sectors, the unemployment situation improved notably for most of the main service sectors, particularly for trade and tourism-related industries amid positive global economic conditions and further recovery in inbound tourism.

Meantime, total employment in the first quarter of 2018 was about the same as in the three months to February (3,872,400 persons), and the labour force went up by around 5,100 to 3,979,300.

Looking ahead, "In the near term, labour market conditions will likely remain tight amid the generally favourable economic situation. Nevertheless, we will stay tuned to various external developments and their potential impact on the local labour market.", the Secretary for Labour and Welfare, Dr Law Chi-kwong, said.



Census and Statistics Department | Gabriela Costa |
4/19/2018 9:55:49 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-02-22 08:30 AM Unemployment Rate 2.9% 2.9% 2.9%
2018-03-19 08:30 AM Unemployment Rate 2.9% 2.9% 2.9%
2018-04-19 08:30 AM Unemployment Rate 2.9% 2.9% 2.9%
2018-05-17 08:30 AM Unemployment Rate 2.9% 3%
2018-06-19 08:30 AM Unemployment Rate 3%
2018-07-19 08:30 AM Unemployment Rate 3%


Hong Kong Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.90 2.90 8.50 1.00 percent [+]
Employed Persons 3872.40 3872.40 3872.40 2370.60 Thousand [+]
Unemployed Persons 112.10 106.60 307.70 24.90 Thousand [+]
Labor Force Participation Rate 61.40 61.30 66.50 59.50 percent [+]
Productivity 160.10 155.20 160.10 99.40 Index Points [+]
Job Vacancies 74041.00 71149.00 127765.00 15919.00 [+]
Wages 15819.00 15913.00 15913.00 10382.00 HKD/Month [+]
Wages in Manufacturing 214.80 214.30 214.80 141.80 Index Points [+]
Minimum Wages 34.50 32.50 34.50 28.00 HKD/Hour [+]
Population 7.41 7.37 7.41 3.08 Million [+]
Retirement Age Men 65.00 65.00 65.00 60.00 [+]
Retirement Age Women 65.00 65.00 65.00 60.00 [+]
Youth Unemployment Rate 5.30 5.00 10.40 1.90 percent [+]


Hong Kong Unemployment Rate

In Hong Kong, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Hong Kong Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Hong Kong Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.90 2.90 8.50 1.00 1981 - 2018 percent Monthly
SA




unemployment rate by Country
Country Last
Spain 16.74 Mar/18
Brazil 13.10 Mar/18
Italy 11.00 Mar/18
Turkey 10.80 Jan/18
France 8.90 Dec/17
Euro Area 8.50 Mar/18
Canada 5.80 Mar/18
Australia 5.50 Mar/18
Indonesia 5.50 Sep/17
Russia 5.00 Mar/18
United Kingdom 4.20 Feb/18
United States 4.10 Mar/18
South Korea 4.00 Mar/18
Netherlands 3.90 Mar/18
China 3.89 Mar/18
India 3.52 Dec/17
Germany 3.40 Mar/18
Mexico 2.90 Mar/18
Switzerland 2.90 Mar/18
Japan 2.50 Mar/18


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